Maharashtra, India -- The global industrial Internet of Things (IIoT) market is expected to reach $232.15 billion by 2023, increasing at a compound annual growth rate (CAGR) of around 8.06% between 2018 and 2023, according to a report published by Zion Market Research.
The IIoT ought to be comprehended as a subset of the more extensive IoT, where connections exist essentially to create physical goods for commerce and maintain the physical assets of production. The idea of the IIoT applies the possibility of the idea of broad-spectrum Internet connectivity to specific business objectives and processes that make physical products for business sectors.
IIoT's ability to reduce manufacturing costs has been an important factor in its growth. Energy and the cost of power play a major role in manufacturing and distribution costs. Through smart technology and sensors, the IIoT can cut back the overall cost of manufacturing and distribution cost. The growing need for cloud integration, big data analytics, robotics and automation further drives global demand for IIoT solutions.
As the cost and complexity of automated tasks decrease and the emergence of real-time supply chain information in transportation and logistics industry increases, the IIoT can give access to real-time supply chain data by tracking materials, equipment and items as they travel through the production network. However, security-related issues coupled with big data and artificial intelligence may limit growth of IIoT.
Jeff Finkelstein, executive director of Advanced Technology at Cox Communications, is BBWN Radio's guest on May 24 at 1PM ET/10AM PT/6PM BST. During the show, he'll discuss network innovation, digital transformation and defining DOCSIS' future.
In keeping with the nation's ambitious Digital India project that seeks to reduce the digital divide and increase the digital economy, Nokia and non-profit service provider partner Digital Empowerment Foundation will create 500 smart villages across the nation.
We will explore several fiber network environments, common vulnerabilities, and the business impact of failures. Fiber networks are typically a combination of owned and leased fiber. Learn how to reduce MTTR by up to 60% when an event occurs and how to detect degradation before it generates a service impact. Fiber monitoring of leased fiber helps ensure that the responsible party is dispatched for repair and SLAs can be managed. We will discuss both in service and out of service monitoring. Learn about the opportunities to improve business results in the following environments:
Hyperscale datacenters- the business need for near 100% uptime
5G small cell combined with leased fiber - ensuring the SLA for leased fiber
Long haul and Metro dark and lit fiber monitoring - reducing MTTR and preventing damage
FTTX construction and service activation in the access or MSO network - accelerating time to revenue
Join us when Jeff Finkelstein, Executive Director of Advanced Technologies at Cox Communications, is BBWN Radio's guest for a wide-ranging conversation about the cable operator's strategic network direction, DOCSIS 3.1, digital transformation and more. Bring your curiosity and questions when our distinguished guest speaks with Broadband World News Editor Alison Diana on May 24 at 1 pm ET; 10 am PT; 6 pm BST.
In this edition of BBWN Radio, Matthias Mieves, head of New Business, Sales and Marketing for Connected Home at Deutsche Telekom, will join BBWN Radio Editor Alison Diana to discuss the smart home market, the role of broadband and why service providers should roll out the welcome mat for this profitable market.